Conduct Of The Bcci Receivership
EDM number 2121 in 1992-93, proposed by John Gunnell on 08/06/1993.
That this House is amazed that Touche Ross, as receivers for BCCI, should seek to resort to court action against Mone Bros. of Morley after a single discussion in which they did not indicate that they would immediately take this step, thus threatening this small company and its 80 employees when further negotiation remained a sensible route to a settlement; and calls on the DTI to use its authority to insist that negotiations continue without the threat to increase legal costs in a receivership which has already cost more than ú100 million.
This motion has been signed by a total of 50 MPs.
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